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EU Takes Ireland To Court For Not Claiming Apple Tax Windfall (reuters.com)
Philip Blenkinsop, reporting for Reuters: The European Commission said on Wednesday it was taking Ireland to the European Court of Justice for its failure to recover up to 13 billion euros ($15.3 billion) of tax due from Apple, a move labeled as "regrettable" by Dublin. The Commission ordered the U.S. tech giant in August 2016 to pay the unpaid taxes as it ruled the firm had received illegal state aid, one of a number of deals the EU has targeted between multinationals and usually smaller EU states. "More than one year after the Commission adopted this decision, Ireland has still not recovered the money," EU Competition Commissioner Margrethe Vestager said, adding that Dublin had not even sought a portion of the sum.
Hopefully Ireland decides to tell the EU to go to hell and bail along with Britain and soon-to-be Catalan.
Socialism is nothing more that punishing success.
It's based on envy.
Yeah, that's EU logic for you! Amazon comes to Luxembourg, and Luxembourg says "pay us this much tax to be in our country". Amazon does so. Brussels doesn't agree, and then says to Amazon "you have to pay US more, since Luxembourg gave you a deal we don't like". Why isn't Luxembourg on the hook? They are the ones who made the deal and had the power of taxation over Amazon... I suspect the answer lies in the EU being jealous of the success of the US companies, even though they pay a higher tax rate for earnings in their home country than all the EU except for Great Britain...
Browsing at +1 - no ACs, I ignore their posts. So refreshing!
That's generally because the socialist environment prevents success in the first place.